The Board of Directors of Russell Corporation (NYSE: RML ) have announced a five year extension to the contract of chairman, president and chief executive officer, John Ward. Herschel Bloom, chairman of the Management Development and Compensation Committee and member of the Executive Committee of the Board, said, "We are pleased to be able to make this announcement now, prior to the end of Jack's original contract. The Board wants to continue the course he has set for the company and we know his knowledge of the industry and the strategic direction he has provided will allow us to do that."